Big guns unloading?
Not financial advice - but here are some quick thoughts.
Apple is the top holding for many institutions; and looking at the movement now, my sensing is that big players are unloading some shares in anticipation of a poor earnings call.
To be more specific, the revenue of Apple could come in okay / decent, but forecast could be weak. And this may be deemed by investors that the economy ahead is going to be very weak.
But of course, the above can be invalidated if 1) Apple gives us solid performance and forecast, and 2) it’s just a bear trap by institutions
Again, it is all about probability.
To add on, I think Amazon is almost certain to give disappointing result if you were to benchmark it against the other tech giants such as Google and Microsoft. Their cloud service could grow, but the other areas will likely show weaknesses.
Lastly, some words of caution: trading within earnings season is always tricky, and risky. Throw in mid term elections.. You better have the guts to ride this rollercoaster ![]()
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callsignVIPER Violets: helps if you specify calls or puts..if you're trying to offer info